E-way Bill facts E-way Bill generation is a mandatory requirement under GST when goods of Rs. 50,000 or more are being transported from one location to another for inter-state as well as intra-state transactions barring a few exceptions. It is an effective tool to track the movement of goods and check tax evasion. And there are penalties for non-generation of E-way Bill as per the...

What is GST Amnesty Scheme? The word ‘Amnesty’ means – grant an official pardon to. In the 43rd GST Council Meeting, the finance ministry brought out the GST Amnesty Scheme to provide relief to taxpayers regarding late fees for pending returns. It basically reduces the tax burden off taxpayers during the pandemic. This scheme is valid from June 1, 2021 to August 31, 2021.

IRIS Zircon, our API gateway, enables connect with GST system via secure GST system APIs and NIC system via secure EWB APIs. If you an Application Service Provider (ASP) providing GST filing and e-way bill generation solutions to end taxpayers or a taxpayer ready to consume the APIs exposed by GSTN and NIC. IRIS Zircon is the solution for you, to give you an integrated and seamless connection...

GSTR-9 Annual Return Form is an annual return form that needs to be filed once a year by registered taxpayers under GST disclosing a detailed summary of outward supply and taxes paid thereon, input tax credits claimed, taxes paid and refund claimed in the financial year in respect of which such annual return is filed.

GSTR-9 Annual Return Form is an annual return form that needs to be filed once a year by registered taxpayers under GST disclosing a detailed summary of outward supply and taxes paid thereon, input tax credits claimed, taxes paid and refund claimed in the financial year in respect of which such annual return is filed.

Know if e-invoicing for small businesses will prove to be highly beneficial With e-invoicing tax leakage and frauds using fake invoices are expected to reduce considerably due to the authorization of every invoice from the government portal. More than this, the e-invoicing mandate will prove to be highly beneficial to small businesses.

What is Inverted Tax Structure? As the name suggests, Inverted Tax Structure is a condition where the rate of tax on inputs purchased i.e. the ‘GST Rate paid on inputs received’ is more than the rate of tax i.e. ‘GST Rate Payable on outward supplies’ on outward supplies (finished goods). In simple terms, the GST rate paid on purchases is more than the GST rate paid on...

GST Rule changes from April 2021 GST is a dynamic law. It has gone through several changes, alterations, and additions ever since its inception. It is a transformational change in the area of indirect taxation which has an overarching impact on the economy and all the businesses, irrespective of their size, turnover and operations. We as taxpayers, business owners, and tax consultants must be...

GST Rule changes from April 2021 GST is a dynamic law. It has gone through several changes, alterations, and additions ever since its inception. It is a transformational change in the area of indirect taxation which has an overarching impact on the economy and all the businesses, irrespective of their size, turnover and operations. We as taxpayers, business owners, and tax consultants must be...

Building Credit Models using GST Data GST Data fits the bill quite well. Hence, no wonder it is becoming popular amongst financial institutions for customer on-boarding, credit evaluation, and underwriting. The non-consent data or the publicly available data of the taxpayers (i.e. a GST registered entity) provides reasonable indicators about the profile and health of the taxpayer. If you...